Why Global Payments Stock Crashed 10% Today
Shares of payments technology company Global Payments (NYSE: GPN) are getting destroyed today, down 10% in 1:50 p.m. EDT trading despite the fact that the company just "beat earnings" in its third-quarter earnings report this morning.
Analysts had forecast Global Payments would earn $2.14 per share (adjusted) on sales of less than $2 billion this past quarter. In fact, Global Payments reported profits of $2.18 per share and sales of $2.2 billion.
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Source Fool.com
